Japanese firm seeking to sell stakes in North Sea assets

+ADw-p+AD4-Japanese firm Itochu is planning to sell its stakes in two North Sea developments, according to a news report.+ADw-/p+AD4
+ADw-p+AD4-Reuters said the company is aiming to fetch up to +AKM-185million through the sale.+ADw-/p+AD4
+ADw-p+AD4-It includes Itochu+IBk-s 25+ACU stake in the Western Isles cluster and Hudson field east of Shetland.+ADw-/p+AD4
+ADw-p+AD4-The news agency cited +IBw-banking sources+IB0 in its report without naming any.+ADw-/p+AD4
+ADw-p+AD4-Korean-owned Dana Petroleum owns the assets.+ADw-/p+AD4
+ADw-p+AD4-The Western Isles field cluster yielded 45,000 barrels of oil per day in April.+ADw-/p+AD4
+ADw-p+AD4-Reuters said the sale is being run by Scotiabank.+ADw-/p+AD4
+ADw-p+AD4-Itochu has been approached for comment.+ADw-/p+AD4

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